Karl Polanyi and the New Economic Sociology: Notes on the Concept of (Dis)embeddedness*

Machado, Nuno Miguel Cardoso

doi:10.4000/rccsar.309

Cited by 31 publications

(19 citation statements)

References 21 publications

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“…Nonetheless, the alternative perspective is that the economy can be disembedded even before reaching total social disintegration. Nuno Cardoso Machado (2011) asserts that the latter perspective was the one Polanyi had . And indeed, Polanyi is quite explicit about this.…”

Section: Double Movement: Disembedding and Re-embeddingmentioning

confidence: 99%

The Double Movement in Polanyi and Hayek: Towards the Continuation of Life

Faria

2023

EP&S

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Karl Polanyi's double movement is a dialectical process characterized by a continuous tension between a movement towards social marketization and a movement towards social protectionism. Notably, Polanyi condemns the former movement while defending the latter. Without using the term "double movement", F.A Hayek's theory of social evolution acknowledges the same phenomenon but reaches different normative conclusions. While for Polanyi the marketization of society is a utopia with dystopian consequences, Hayek's evolutionary explanation of this dialectical process asserts that there is no alternative to a market oriented society. Both authors defend that their favoured movement is the one that truly supports the continuity of life. This article compares the authors' normative readings of the double movement and concludes that, from an evolutionary perspective, Polanyi's conclusion possesses a robustness that Hayek's postulate lacks. Sumário. O duplo movimento de Karl Polanyi é um processo dialéctico caracterizado por uma tensão continua entre o movimento a favor da comercialização social e o movimento a favor do protecionismo social. Notavelmente, Polanyi condena o primeiro movimento enquanto faz a defesa do segundo. Sem usar o termo "duplo movimento", a teoria da evolução social de F.A.Hayek reconhece o mesmo fenómeno mas chega a conclusões normativas distintas. Enquanto que para Polanyi a comercialização da sociedade é uma utopia com consequências distópicas, a explicação evolucionista de Hayek conclui que não há alternativa a uma sociedade de mercado. Ambos os autores defendem que o seu movimento preferido é aquele que de facto suporta a continuidade da vida. Este artigo compara as leituras normativas que os dois autores fazem do duplo movimento e conclui que, de uma perspectiva evolutiva, a conclusão de Polanyi possui uma robustez que falta ao postulado de Hayek.

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Section: Double Movement: Disembedding and Re-embeddingmentioning

confidence: 99%

The Double Movement in Polanyi and Hayek: Towards the Continuation of Life

Faria

2023

EP&S

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“…28 The consequence of this dis-embedding is that "all social considerations, motivations, and values take a back seat to the empirically acquired primacy of the economy, which becomes autonomous from all (conscious) social control." 29 In other words, Māori not only faced an institutional edifice that was structured against them but that was largely unconstrained by the values trumpeted by the settlers when justifying colonisation as a positive "modernising" force. Take the British value of "justice," a core component of the colonial narrative: as Māori would discover time and time again at the Native Land Court-the "veritable engine of destruction for any tribe's tenure of land, anywhere," as Hugh Kawharu described it-justice was nothing against settler avarice.…”

Section: The Role Of Institutions In Māori Impoverishment After Land mentioning

confidence: 99%

The Tribal Economy

Tau¹,

Rout²

2018

JNZS

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This essay utilises the concept of the “Māori economy” to explore the story of Māori poverty following colonisation and enrichment after settlement. It merges settler colonisation and institutional economics theories into an analytical framework. Using this framework, it examines the role of settler institutions in Māori impoverishment and makes the case that there is no contemporary Māori economy, arguing a true Māori economy requires culturally-matched political, legal and economic institutions and that without these institutions Māori risk their Treaty settlement funds leaking back into the settler economy.

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“…On the same trail, Bush Sr. administration was compelled to stop the Iraqi president, restore status-quo and reassure Israel and the other Arab allied nations of US continuous protection. 9…”

Section: The American Perspectivementioning

confidence: 99%

“…Shortly after Iraqi troops stormed the Kuwaiti borders, Citizens for a Free Kuwait, an NGO, hired the services of H&K to rattle a grass-root level case against Baghdad's strongman in order to speed up the decision to intervene already taken at by president 9 A multi-layered analysis of American motivation to intervene in 1990 is done in Joseph S.Nye Jr., Why the Gulf War served the national interest, The Atlantic online, July 1991 10 David Michaels, Doubt is their product: How industry's assault on science threatens your health, (Oxford: Oxford University Press, 2008), 5 11 Michaels, p.9. Karen S Miller, The voice of business: Hill and Knowlton and postwar public relations, (North Carolina: The University of North Carolina Press, 1999), 171 12 Miller, 171 13 Jeffrey Goodell; "What Hill & Knowlton Can Do for You, (And What It Couldn't Do for Itself)", The New York Times, September 9, 1990 Bush Sr. H& K were paid around 12 million dollar from the Kuwaiti governments and another few thousand dollar by ordinary donors.…”

Section: Enters Hill and Knowltonmentioning

confidence: 99%

The Hill and Knowlton Affair and the Marketization of the First Gulf War. A Polanyian Perspective

PETRE¹

2016

AFASES 2016

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The 1990-1991 First Gulf War became a classic manual of PR or manipulation, depends on the terms one chooses. Within the whole manipulative framework, Hill and Knowlton, one of USA' s foremost advertising brands played a pivotal, ripple-making role. With the money provided by Kuwaiti government in exile, H&K faked several testimonies according to which Saddam's soldiers had been responsible of appalling deeds by pillaging Kuwaiti hospitals, where they stole incubators and left newborn babies to die. Thus, President Bush gained legitimacy in front of the US Congress and international fora to assemble a coalition of the willing to deal with Iraqi aggression. This article will not only dwell upon the abovementioned episode, but shall also sketch an explanatory framework using Karl Polanyi's writings.

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Karl Polanyi and the New Economic Sociology: Notes on the Concept of (Dis)embeddedness*

Cited by 31 publications

References 21 publications

The Double Movement in Polanyi and Hayek: Towards the Continuation of Life

The Double Movement in Polanyi and Hayek: Towards the Continuation of Life

The Tribal Economy

The Hill and Knowlton Affair and the Marketization of the First Gulf War. A Polanyian Perspective

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